Our work-from-home ETF could have staying power beyond the pandemic, Direxion’s head of product says

Our work-from-home ETF could have staying power beyond the pandemic, Direxion’s head of product says

Work-from-home stocks are working.

The Direxion Work From Home ETF (WFH) has been attracting investors since its June 25 launch, a testament to the rising interest in offerings based on the new normal brought about by the coronavirus pandemic.

David Mazza, head of product at Direxion, told CNBC's "ETF Edge" on Monday that WFH has seen "a significant increase in assets and trading volume as investors begin to embrace the fact that it's not just about stay-at-home trades or work-from-home trades."

The fund has climbed more than 5% since its launch. Its top 10 holdings are as follows:

Top Holdings in Direxion's Work From Home ETF

Holdings % weighting Twilio4.17%Inseego3.95%Crowdstrike Holdings3.76%Avaya Holdings3.17%Okta3.13%Box3.00%Elastic NV2.99%Zoom Video Communications2.99%Fortinet2.90%Ping Identity Holding2.80%

"This is a long-term theme that's beginning to play out in the market, and by that I mean societal acceptance of having greater remote work and the ability to work from anywhere," Mazza said. "The names ... in this portfolio cover four technological pillars that are driving the ability for people to work from home."

The first pillar is cloud technology, represented in Direxion's fund by tech giants Microsoft and Amazon, which both have growing cloud-computing businesses, Mazza said.The second pillar is cybersecurity, which folds in stocks such as Fortinet and